Wednesday 14 December 2011

Fracking

Fracing fight spells turmoil for industry
The US Environment Protection Agency is now facing off Calgery-based natural gas industry, Encana. Encana is threatened with higher cost and regulation hurdles.

The agency resently released information concluding how destructive fracking is and how it will effect the environment. Encana strongly disagrees with these findings saying different environmental factors skewed the results.

The debate can go either way. If the US EPA wins then fracting could one day be banned all together. The price of natural gas could as much as triple if this were to happen. But if it is ignored more ground water could be irreversable damaged and people living near fracking sites could be in danger.


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